tax base

noun

: the wealth (such as real estate or income) within a jurisdiction that is liable to taxation

Examples of tax base in a Sentence

an area with a large tax base
Recent Examples on the Web Top of mind considerations are how a stadium would benefit the tax base and how much revenue would be needed to go toward public safety and infrastructure costs. Bill Lukitsch, Kansas City Star, 14 June 2024 The developments, if approved, are projected to bring hundreds of more residents to the area and support the city’s tax base. Bridget Fogarty, Journal Sentinel, 31 May 2024 The investment will pay off many times over in the form of a higher tax base, lower crime rates, and rich cultural and community engagement. Philip Rigueur, Hartford Courant, 14 Apr. 2024 The ultimate goal is to broaden our tax base and stimulate investment. Baltimore Sun Media, Baltimore Sun, 11 Apr. 2024 See all Example Sentences for tax base 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax base.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

circa 1943, in the meaning defined above

Time Traveler
The first known use of tax base was circa 1943

Dictionary Entries Near tax base

Cite this Entry

“Tax base.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20base. Accessed 30 Jun. 2024.

Legal Definition

tax base

noun
1
: a sum (as the total assessed valuation of property in a county) used as the basis of taxation
2
: the source of tax revenue for a governmental body
change the tax base of a school district to reduce the property tax burden
Last Updated: - Updated example sentences
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